United Airlines said its board unanimously approved Amendment No. 3 to Tax Benefits Preservation Plan on April 20, 2024, and the company entered into the amendment with Computershare Trust Company, N.A. (Rights Agent) on April 22, 2024.

1. 01

   United Airlines said its board unanimously approved Amendment No. 3 to Tax Benefits Preservation Plan on April 20, 2024, and the company entered into the amendment with Computershare Trust Company, N.A. (Rights Agent) on April 22, 2024.

2. 02

   The company said the purpose of the Plan is to help protect its ability to recognize tax benefits in future periods from net operating losses and other tax attributes. The Plan was first entered into on December 4, 2020 and was scheduled to expire on December 4, 2023.

3. 03

   The company said Amendment No. 2 extended the expiration time to the close of business on December 4, 2026 and changed the exercise price for each one one-thousandth of a share of Series A Junior Participating Serial Preferred Stock from $250.00 to $200.00. The amendment was dated December 4, 2023.

4. 04

   The company said Amendment No. 3 revised the definitions of "Beneficial Owner," "Beneficially Own" and "Beneficial Ownership" in the Plan and made other conforming changes.

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